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2020 New Jersey Revised Statutes
Title 54 - Taxation
Section 54:40A-50 - Additional penalties, schedule.

Universal Citation:
NJ Rev Stat § 54:40A-50 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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54:40A-50 Additional penalties, schedule.

5. In addition to any other remedies provided by law, the Director of the Division of Taxation in the Department of the Treasury shall assess penalties for violations of this act in accordance with the following schedule:

a. a penalty of not less than $2,000 and not more than $4,000 for the first violation;

b. a penalty of not less than $5,000 and not more than $7,000 for the second violation within a five-year period;

c. a penalty of not less than $8,000 and not more than $10,000 for the third violation within a five-year period;

d. a penalty of not less than $11,000 and not more than $13,000 for a fourth violation within a five-year period; and

e. a penalty of $20,000 for a fifth or subsequent violation within a five-year period.

L.2005, c.85, s.5; amended 2013, c.145, s.14.

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